Using the information provided in RE9-4, prepare the journal entries to record the reductions to market for Paul Corporation, assuming that it uses the allowance method instead of the direct method.In RE9-4, Paul Corporation reports the following inventory information:
![1650_268-B-A-V-I (897).png](https://secure.tutorsglobe.com/CMSImages/1650_268-B-A-V-I (897).png)
Assuming Paul Corporation uses the perpetual inventory system and the direct method prepare the journal entries to record the reductions tomarket.